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Spotlight | France
Hermès's three shareholding families make last-ditch effort to IPO-proof the company

Pierre-Alexis Dumas, Axel Dumas and Henri-Louis Bauer.
Pierre-Alexis Dumas, Axel Dumas and Henri-Louis Bauer. © Studio Pachamama
The three shareholding families of leather goods manufacturer Hermès are eager to bring Nicolas Puech, the sole heir of Emile Hermès to have remained outside the group's family holding company, into the fold. The initiative is also a bid to close the only avenue allowing heirs to secretly sell their shares in the group. [...]
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Glitz.paris has reconstructed the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a labyrinth of offshore accounts and Panama shell companies. The shares passed through the hands of Swiss asset managers, then LVMH finance directors, and are now beyond the reach of their owner, who is calling it the "heist of the century".

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